Mises Wire

Many of Venezuela's woes stem from the Venezuelan state's reliance on price controls to enact its socialist goals. Famine has resulted.

Many of the threats to liberty posed by this year's presidential candidates are due to the long history of supporting expanded presidential power.

The government wants to arrogate to itself the power, which, in an economy, is in the hands of the consumers.

Jon Grinspan's new book The Virgin Vote reminds us that democracy has no golden age of civil and well-reasoned electioneering.

Mainstream economics is fraying at both ends. It is vague, and lacks precision. Austrian economics, meanwhile, is rooted in concrete human action.

For Mises "human society is thus spiritual and teleological," the "product of thought and will."

John Stuart Mill and Ludwig von Mises realized that democracy can only work if the voters pay more into the system than they take out of it.

45 years ago today, on August 15, 1971, President Richard Nixon officially closed the gold window.

A fall in the US velocity of money M2 to 1.44 in June from 1.51 in June last year and 2.2 in May 1997 has alarmed many experts.

If Brazil truly is "the country of the future," it will be due to it embracing the ideas of Mises, Hayek, and Rothbard.